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Fix-and-flip lender Kiavi lays off 7% of employees

Housing Wire

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. Because we are in the hard money space, we don’t have a lot of investors willing to buy our assets because of the rate hikes, is what our CEO told us.”.

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New home sales are at risk with rising mortgage rates ?

Housing Wire

Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. Could you imagine this housing market if we eased lending standards? I would be protesting in front of Congress and speaking at congressional hearings if lending standards were reduced. From Census: The seasonally?adjusted

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OK to average adjusted comps on appraisals?

Appraisal Today

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. Investor purchases of U.S.

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The strategy behind UWM’s multibillion dollar investment

Housing Wire

Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. I’m not really focused on the margins for this quarter,” Ishbia told investors in UWM’s second-quarter earnings call. “It’s 1 lender in the country. 2 overall lender, it’s to be No.

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Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Simonson Real Estate

1st question from all investors on NNN sales, what are sales revenue for that location? Investors want to have a stronger comfort level with the probability the tenant will renew. Any perceived climate benefits are greatly diminished by the real economic risk to business owners and investors. Lowest volume since 2013.